Public pensions have a banner year

08/14/2013 | Financial Advisor online

Fiscal 2013 was a solid year for U.S. state and local-government pension investments, with the median gain of 12.4% the best performance in two years, according to a Wilshire Associates report. The latest three-year median return is 11.4%. "I’d be happy. We’ve had a pretty good three-year run," said Bob Waid, a Wilshire managing director.

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